South Platte Steering Committee Meeting Minutes

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to me that sound judgment would tell us that we ought to utilize these sites because they last a long time. Then it would seem that during con- struction we evolve a plan of operation and these service areas are defined. We would have time to work out such changes too on the tributaries, Mr. Barkley, if this committee should develop some set of operating principles or some rules of application for service to wherever there could be exchanges worked out on those tributaries. So we do view this development as part and parcel of an upstream storage reservoir at Two Forks, probably. We think it's a very important development for many multiple uses and we think that it can be handled so as to not foreclose on equitable treatment for all of the service areas that could possibly be served either directly or by exchange and those things all remain to be spelled out. I want to say too, that it would be part of the Missouri River Basin Project. The Narrows is authorized now as a part of the Missouri Basin Project. So to the extent that power reve- nues are available in that project, you do have subsidy on irrigation costs. Two Forks being authorized, that too would have to be part of the same Missouri River Basin Project. On the interest rate our Bureau policy at this time is 2h %. We make special analyses for the Bureau of the Budget but this is a minor point as we indicated." MR. SARCHET: "Mr. Chairman." MR. GILDERSLEEVE: "Mr. Sarchet." MR. SARCHET: "The thing that I was suggesting previously was that insofar as I'm concerned and I think from the conversation here probably the balance of the steering committee, that a site selection as be- tween the Narrows and the Weld County at this time is premature so far as we are concerned. I can see from this analysis of the two sites that the construction costs and other features there indicate the Narrows site but I don't have suffi- cient information to know the potential uses of -30-